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to privatize airport security? hi everybody. let's go in focus with mr. steve forbes. steve, the evidence is mounting at maybe we should privatize. >> absolutely, david. we see real experiments in this country. 16 airports have privatized security. including san francisco and a study was done comparing san francisco to los angeles and san francisco even though it's a private contractor, the agents are trained like they are for regular tsa. 65% more productive than in los angeles. they have more flexibility though the pay and the benefits are the same. it works. >> rick, let me put it to you this way. is it possible that privatization could be worse than what we have now? >> probably not. to steve's point he is right. the statistics between san francisco and l.a., san francisco did great. however, so you understand the full story, there are other airports that tried where it didn't come out any worse but not so good. look, if you look into what a lot of the aviation experts have to say, basically what they tell us is it's a nicer wrapper around the same product. you still have government s
in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >> we are talking about things beyond that. >> in what way would this be beyond that? >> we don't know. we don't know yet. we don't have any details. we just continue the discussions and they're waiting for us now t
relations at johns hopkins university. and my guest here with me throughout the show, steve forbes, editor in chief and cnbc contributor judd gregg, former republican senator from new hampshire. welcome, gentlemen. don jensen, let me go to you. how fanciful is this story? this thing keeps popping up. gas program is going to go in, take over the banks, restructure them, save their own money launderers, save their own russian money and take over the cyprus natural gas fields. that is one hell of a deal. i ask you, is that possible, is it plausible? >> it's very plausible. in fact, it's a good scenario. larry, gas prom can buy the whole island. and people always joke that there are so many russian shell companies in cyprus that it's virtually already a part of the russian federation. >> so let me ask you the question du jour or the question du nui tonight, is it odd that russia that bails out the world financial markets? i find this to be utterly incredible. >> well, you have to realize, too, when russian oil garbages and organized crime figures send their money abroad, they like a nice, reli
is looking good. there was an earlier stall near caesar chaves. steve. >>> we have cloudy skies. santa rosa, napa airport, both are reporting light rain. we could sure use a lot more. this system looks like decreasing throughout the day. any precip. i think the heaviest was last night. santa rosa was doing really well in the rain, 24.5. now 79% of normal. san jose, 70% of normal. i want to make a correction here. i -- i originally -- about a half-hour ago, i said one of the driest marches ever in san francisco, it's the 20th driest march. it is january, february, march, the driest three-month stretch in san francisco so far. only 1.66 inches of rain has fallen. we need another 1.50 plus to go into second place. i doubt that happens. so again we're in record- setting territory for lack of rain. i just saw -- came across on twitter from the national weather service in mobile, alabama, last year they were running about 48 degrees above average, this year to 28 below. what a -- 2 to 8 below. what a difference. this is a very mild system coming up from
has been struck for a loan. i think we have steve on the phone from moscow. stay there for one second. steve, you just left this meeting where we are potentially looking for cyprus to maybe get some kind of deal here from the russians to help solve their debt problem. sounds like they are coming away empty handed. >> absolutely. there are more talks ongoing. i caught a couple of words with him as he was walking out. as you rightly quoted he said talks were constructive. they were ongoing. he told me he was on his way to a different location and that there would be more talks ongoing that have been constructive and then i asked him very specifically about the loan agreement that had been agreed between russia and cyprus in 2011, that's a 2.5 billion euro loan, 4 1/2 year loan. there were question marks in the press about whether this would be a loan which would be extended in terms of term and interest rates lessened. he said to me in response to my question about that loan we are looking beyond that. i'm not sure if we're looking at an extension of loan. people talked about a 5 billio
had to be named steve to be on the panel today for the most part. steven water from russell investments, steve sacks. steve liesman is with us. and then there's that guy santelli who joins us daily as well. dr. wood, are we making too much of this? over the weekend we were all convinced that the markets were going to be slammed today. they were in asia overnight. then things allayed. what happened? >> i think the market's assessing the size versus what it represents. what we have in cyprus right now is the rule of law being brought into question. can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a reaction in some of the european etfs out there? or are you seeing the same kind of money mentality going into exchange traded funds?
, obviously three developing stories and we're going to cue you in on all of them right now. the fed, steve liesman is in washington. russia's financial overtures toward cyprus. steve is live in moscow and then there's cyprus and the impact there on the rest of europe and the globe. michelle caruso-cabrera has made the trek to that small island nation that is right now ground zero for europe's financial problems. michelle? >> reporter: hi there, tyler. the latest is the president says he's going to meet with parliament tomorrow morning. there's still no plan here. in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities. then they said we're also going it try t
stall near caesar chaves. steve. >>> we have cloudy skies. santa rosa, napa airport, both are reporting light rain. we could sure use a lot more. this system looks like decreasing throughout the day. any precip. i think the heaviest was last night. santa rosa was doing really well in the rain, 24.5. now 79% of normal. san jose, 70% of normal. i want to make a correction here. i -- i originally -- about a half-hour ago, i said one of the driest marches ever in san francisco, it's the 20th driest march. it is january, february, march, the driest three-month stretch in san francisco so far. only 1.66 inches of rain has fallen. we need another 1.50 plus to go into second place. i doubt that happens. so again we're in record- setting territory for lack of rain. i just saw -- came across on twitter from the national weather service in mobile, alabama, last year they were running about 48 degrees above average, this year to 28 below. what a -- 2 to 8 below. what a difference. this is a very mild system coming up from the southwest. there could still be a little bit more rain. you will start to
to steve. >>> mostly sunny this morning by this afternoon we will be talking about rain and we could sure use it but here is some patchy low clouds and upper 60s and lower 70s inland. >>> coming up on mornings on 2, violence in the east bay, police are searching for a man who committed a knife attack. >>> and the pope will be officially inaugurated tomorrow and we have new details we found out about the ceremony, stay with us, we will be right back. >>> we're live in alameda where a st. patrick's day bar fight ends with a stabbing. we'll tell you what police are saying about the suspects who got away. >>> a memorial is set up this morning to remember the two victims killed in a raceway crash in the north bay as investigators look into the house. >> reporter: and vallejo police this morning, working to track down the person who killed and elderly man at a home in this city. we'll tell you about the key witness to this deadly shooting. >>> plus -- the thick, black smoke and ash that covered a lot of contra costa county. when we will find out if it caused a health hazard. "mornings on 2" sta
. visibility is good. steve's back and he brought his good visibility with him. there are no major problems on 880 in oakland. you can see that traffic is looking good in both directions. we've had some slowing. livermore valley, and the altamont pass coming into the main part of livermore, we've had a lot of fender-benders. i think a lot of people are on the road there. when you reach the 680 interchange, it's better. let's go to sal. >>> we have good visibility. patchy high clouds, patchy low clouds. today is the tweener day. we'll get some cloudy skies in here and then wednesday. sunny, high clouds, cloudy with rain developing. the testimony will probably weaken considerly, maybe .75. any rain after the system? no. one and done. that's been the pattern since january. the trend is your friend. we'll get one system that i'm standing in front of. it looks good. it is good. it has more show than good. we'll still get some rain out of it. had it has some midlatitude moisture. we'll get the clouds later today. mostly sunny and then turning cloudy to m
. the idea this could happen here is still a haunting one, one that will be addressed by steve forbes in this hour. steve forbes, "forbes" media chairman and editor-in-chief weighs in. shibani: we'll look forward to that. after hurricane sandy ravaged downtown manhattan signs of spring are emerging not necessarily in the weather but the housing market. real estate sales in the area sky vapering -- skyscrapering high. this developer had 600 million in sales this month alone. can you believe the commission on that. david: resilience lower manhattan never ends. stocks pushing higher, bouncing back from the biggest drop in nearly a month on the expectations cyprus will reach some kind of a deal over the weekend but today's gains came up post posting a weekly loss, a weekly loss. today woos good. the dow falling into the red for the first time in five weeks, while the nasdaq and s&p 500 snapped three straight weeks of gains. consumer step peltz and telecom were this week's top performing s&p sectors. >>> natural gas falling into the red but closed the week higher. prices rose more than 1%
bernanke speaking today. our steve liesman says you might want to listen to what another person from the fed is saying. steve, what's that all about? >> sue, i want to talk in just a second about new york fed president bill dudley, talk more directly about monetary policy. first a word on fed chairman ben bernanke. he's speaking in london with mevvin king, outgoing head of the monetary policy committee there. he broadly supported all the global monetary policy easing for central banks around the world, say k effectively it was not currency. here's what he said. >> because stronger growth in each economy -- these policies are not -- rather they are positive sum enrich thiy neighbr actions. >> what he's saying is what japan is doing is okay. new york fed president bill dudley, he had some very strong words for critics of the federal reserve who say that the fed is potentially going to be losing money through its current quantitative easing policy. let's give a listen to his comments today at the new york economic club. >> the fed is a central bank, not an asset management company. our
? it is by going mini. steve crutchfield takes you to countdown college late other than this hour -- later on this hour. and we are used to charlie, like, constantly on the phone, burning up the phone lines in this building. all right, his phone was ringing off the hook. wait until you hear which industry is dialing charlie's number, and they've got his cell phone, it's even worse. next. ♪ it's monday. a brand new start. your chance to rise and ine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a pr
is a mess getting to it as well. 880 is not all that bad with slowing on 101 already, let's go to steve. >>> we have increasing clouds throughout the day and we have it giving way to rain this evening. this will be a weak system, 60s for most and rain comes in later today. >>> marking a new era, the message pope francis has for 1.2 billion catholics. >> reporter: developing news from nevada -- a deadly accident involving several u.s. marines. the questions that surround the tragedy. >> reporter: a man is shot and killed by police in east san jose. investigators are looking into what led up to this shooting. we'll have an update. ♪ >>> and overnight mass at the vatican, marking a new era for the church. >> reporter: miami or santa clara? who will host super bowl l? the nfl has nare roared it down but it doesn't necessarily want to pay. we'll tell you what the organization is asking for t "mornings on 2" starts now. >>> well, good morning. welcome to "mornings on 2." i'm dave clark. >> good morning. i'm tori campbell. it's tuesday, march 19th. >>> we have new video on developing news w
is moving well. let's go to steve. >>> thank you. a little cooler today. partly sunny partly cloudy skies. mainly 50s and 60s. >>> coming up next on mornings on 2 a high speed chase in the east bay over night. how that chase may be tied to gunfire. >>> many years of waiting finally over for you drivers in pacifica. >> reporter: we're live in hayward where police are led through three east bay cities after a wild chase. we'll tell you what other crimes the suspects may be linked to. >>> the big week has arrived for the nation's highest court, the supreme court. they take up two gay marriage cases including one from california. >>> a good kid, you know. he hard working. >> heartbroken people hoping for the best for a missing man in the bay. >>> and opening ceremonies are today for the devil's slide tunnel. "mornings on 2" starts now. >>> well, good morning to you. welcome to "mornings on 2." i'm dave clark. >> i'm tori campbell. it's monday, march 25th. a car involved in a high-speed chase may also be tied to an armed robbery and two shootings. tara moriarty is live in hayward at the scene
directions so far here in front of the oakland coliseum. today's weather, here's steve. >> thank you, sir. >>> increase in the low clouds, weak system coming in. the bum u.k. of it is going to the north. it's picked up more of a westerly breeze. that's oregon or maybe the extreme northern california border. we'll get a lot of high clouds out of it and low clouds enhanced. partly cloudy, patchy low clouds, fog. napa airport, santa rosa fog, .25 visibility. chilly to mild. some locations are near 50. others 30. a lot of high clouds and a westerly breeze. there will be a cool down today. a beautiful weekend this weekend, a lot of sunshine. and temperatures which were above average, kind of sliding back to average. 30s for some. napa, 38 with the fog. novato, 37 degrees. 51, though, oakland and 50 at hayward. a lot of upper 40s. and a no doubt about it westerly breeze for most. sfo, oakland in on that. 26 up in tahoe. 36 ukiah, 33 eureka. it's chilly there. 50s and 60s, palm springs, 60. the big news continues to be what's new. there's another snows
in over the pass. but no problems into castro valley. let's go to steve. >> thank you. mostly clear. patchy low clouds. they are going north to south. they'll eventually clear out. our system from yesterday is moved into southern california. much lower pressure down there. higher pressure up here. a little breezy. although the wind seems to have tailed off. san francisco sitting at 46. a high of 59 today which is slightly below average. closer to 64 tomorrow. today even though sunny, a breeze will take the edge off. if you can get a north wind, that will help. patchy low clouds. clear breezy for some. not for all. pretty good breeze on the higher elevations. sunny today and that wind will pick up. one system moves out and high pressure moves in. north to south and that's taking things out of the picture. lake port 36. monterio 39. petaluma 40. a little chilly there. i'd say so. it's 40 there. upper 30s for na pa airport. and santa rosa's in there. and low cloud deck keeping temperatures in the mid 40s. concord, walnut creek. 41. 39 r eno. cold windy. pretty chilly and that breeze w
expressway. let's go to steve. >>> thank you, sir. a beautiful sunrise, we get higher clouds. a few breaks in the clouds, last full day of winter. spring starts tomorrow. we'll get a little bit of rain tonight. not a big deal. the system is falling apart. mostly cloudy, rain later, we'll take it tonight into tomorrow morning. cooler with a lot of clouds. it looks mostly sunny and mild by the weekend. maybe warm on saturday. two parts to the system, the stronger ones appear, and that's where the heavy rain will be, pacific northwest, northern california. we have to wait for the little guy back there. rainfall projections are very light. i will slow you those in a second. partly cloudy, chilly to cold. i know they are held up. it just feels colder. a little bit more moisture. clouds increase, light rain coming in. mostly cloudy, rain develops tonight into tomorrow. this is a very weak system. morning rain on wednesday. then we'll kick it out of here. rainfall projections are extremely light. i think that will cover it. there could be a few isolat
a news conference and steve liesman will join us with the exclusive findings of the cnbc fed survey, coming up at the top of the next hour. the other big global market this morning continues to be cyprus. the parliament there is expected to reject the attacks on bank deposits. the decision would effect hely block a bailout and push the island nation closer to a debt default and banking collapse. it is possible the vote today won't happen if leaders are sure it will be rejected. as for the global markets this morning, the major equity indexes closing lower yesterday, in large part because of fears about that cyprus bailout plan. and it's on track to post its best numbers of the year. >> the biggest corporate headline this morning is a weird one. lululemon is pulling shipments of some women's yoga pants from its stores. the athletic clothing store says the move is going to hurt its bottom line. they had an unacceptable level of sheerness, so you could see through them a little bit too much. that's the problem. the decision to pull the pants will be lead to go a shortage of its black w
. steve sedgwick is there and asked a question of the two leaders. >> are we proving time and time again in europe that we're not understanding the russian national interest over issues such as cyprus, over issues such as trade in wto, energy and elsewhere? >> i believe i understand the position of russia. i believe why russia has that position, but we have another perception and reality. the question is, is this a real obstacle for achieving progress? for instance, we have discussed today here for trade, investment, energy to mobility. i don't think it is. >> and michelle caruso cabrera will join us with more in the next hour. >> customers, by the way, are finally going to be able to get their hands on the blb 10 today. jackie deangelis has more on this debut. jackie, i know joe is a skeptic now that he's a new i tone -- >> my life is so enriched. >> but i am still completely reliant on this thing. this one doesn't even have the real keyboard, right? >> right. and you make a really good point. a lot of people are still relying on the blackberry. it does go on sale at at&t here today. i
signs and perhaps some comments on what's going on in europe, too. steve describes what is on top of the agenda today. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. >> fed chairman ben bernanke will be speaking later. >> have we really learned our lessons from the crisis? joining us now to talk about that more, steve leisman. >> it is argued that the world is not really in the middle of a currency war. and he distinguished betwee
york stock exchange. steve liesman is at the bernanke conference in the room there. is that it? that's all the people we could bring in here? mark, you've been sitting here with us. what did you make of what you heard today and the market response? >> i thought narcotmarket respos very good, bill. and i commend the committee. i think they're doing a phenomenal job at this point in time, really. investor sentiment is rising. as long as unemployment remains above 6.5%, i think the fed will do everything to provide accommodative policy. their mandate is to get the unemployment rate below 6.5%, and i think investors, overall, at least my clients and i sense that of other clients, they're feeling really good about the risk assets right now, versus, you know, what might be going on in the economy. >> right. but i guess, kenny palkari, you've been watching the story from the floor there. what kind of flow did you see as bernanke was talking? is there any feeling that anything changes for the foreseeable future? >> no, there is not. and you know, we've actually been talking about this for a
there a little bit about cyprus. does it matter, do we care or not? will we get a deal? checking it out. steve sedgwick in moscow earlier today. russia's been a big player in this drama but our international correspondent, chief international correspondent michelle caruso-cabrera is in cyprus for us now. michelle? >> reporter: tyler, the situation in cyprus is incredibly unclear and increasingly chaotic. the parliament of this country was supposed to vote ten hours ago to pass a law that would allow them to restructure the banks. we're still waiting. it's unclear if they are going to vote today at all. at the same time we're getting reports that maybe the european union is going to demand even more from this country. hours ago we were told by the leader -- the head of the leading party that they were extremely close to a deal and yet we still wait. the same time it's growing increasingly chaotic in this country's economy because the banks are still closed. they have been closed for seven days now. it looks like they will be closed for at least ten days. that means people running businesses can
's quarterly results and guidance perhaps a little bit disappointing. let's get back to our guest host steve romack for the last words. you like aon. it's one of the larger positions. >> only 20% comes from the u.s. of the revenue -- is that what you said? >> 20% of the companies that we hold. 20% are domiciled in the u.s. and 50% come from overseas and a lot of the things we're finding lately have been a special situation. we were long renault and short nissan because we were able to create the stub at a negative $5 billion euro valuation with the company that has great balance sheet and cash flowing positive and we're long vodafone and short verizon because vodafone owns 45% of verizon wireless and verizon owns 55%. we were creating the stub at a pretty inexpensive price. >> anything else that you like? >> you don't like the consumer. >> we're cautious. we're scared of how the government keeps putting money in people's market. the government trumped 2.4 million jobs and they didn't talk about the 1.9 million people on food stamps and snap program. so we're just very, very cautious. >> you'
50%. melissa: he is a brave guy. cyprus scrambling to save its banking system. steve moore of the "wall street journal" is here with that next. >> despite the concerns of cyprus, stocks are higher. the dow just about ten points off session highs. take a look at the names leading the charge. ♪ . .. today is gonna be an impoant day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. some of the world's siemens. answers.bines uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hebaby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sai
. it was a growth stock. it missed the quarter. quarters matter and andy grove, they went toe to toe with steve jobs in walter eisen's book, but the quarterly increment, and it is a fair way to judge everybody. >> best book ever. >> apple's failed that test of the quarterly report. >> all right. coming up, is a yoga pants crisis coming? lululemon recalling pants that are too sheer. picture this. now there could be a shortage in the price of yogawear, what might that mean for the stock? we'll talk about that and tight, sheer, yoga pants, melissa. >> lulugetton. . you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. falling. falling. it is recalling some of its yoga pants because of their sheerness. the move affects 17% of the bottoms it has in stock and lululemon is offering full refunds to customers. one analyst points out t
of a bounce, i don't see much selling off. >> all right. dead money. steve, what about you? you worry about this sales stumble? >> bill, i really do. i will tell you, the way oracle talked about its sales force, i don't think that those folks today are playing hooky from work and watching the ncaa tournament. i think they're making a lot of calls today. >> you think? >> but i don't know that it's just oracle-specific. i think it might be broader and more about technology capex spending. if you look about a month ago, we saw the purer cloud plays, and oracle is struggling right now in the cloud, but the purer cloud plays, companies like rack space, they dipped down about a month ago. now we're seeing the bigger, older tech giants like oracle, like cisco, for instance, start to similarly trail off. i think it is a sign that the global economy is weak, and companies, while they are very profitable, they are not reinvesting those profits into capex spending, whether it be in technology or elsewhere. so i think it's troubling for technology as a whole. >> wait a minute, are you guys agreeing wit
yourself on 101 to begin with and head south. >>> filling in for steve, it's bill martin. >>> good morning on your friday. steve is out today. he's still sick yesterday. i know he's feeling better today. i he'll be back on monday. in the meantime, you've got me. plenty of sunshine. temperatures in the east bay are going to get into the low 70s. it's breezy out there. if you're coming over the golden gate bridge, it's classic spring weather. that's kind of what today is, a classic spring day, a little warmer than yesterday with temperatures coming up into the low 70s. the current temperatures are 39 in concord, 52 in antioch. as you push your kids out the door to go to work or school, maybe a light jacket. rapidly at 9:00 or 10:00, it's going to warm up quickly. the forecast high in napa, 68. fairfield, high of 70 in brentwood and 68 in hayward. santa clara valley, not as warm as it has been. during the weekend, it's going to warm further. saturday and sunday look like nice days. you feet a feel for that. look at the rain. tuesday and wednesday, dave and tori, looks like we're going to see
that apple is at risk of having a dusty product? >> well, i think you have to separate two things. steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and the good thing about an cell they have a great ecosystem in i tunes. i have over 1,000 songs and books and movies in there so that kind of keeps me locked in so i'm probably not going to be able to move to a samsung phone, but in emerging market countries where you're buying your first phone, don't forget, apple's total share of the handset business is 8%. so the other 92% that have other phones, you know, they may move to samsung and apple may lose out on those future sales and that's -- whether it's a du
experts polls for the latest cnbc federal reserve survey seems to think. senior economics reporter steve liesman is breaking it all down for us. steve, what have you got? >> interesting results from our cnbc fed survey. 54 economists, fund managers, and analysts chiming in with their responses to our questions. first thing we want to show you their response on expected quantitative easing. this was their response in our january survey. looking for $680 billion of qe this year. now $17 billion. they added like another month. they're still below the pace of the fed. the fed buying at $85 billion. but they also lengthened out the timeline of the federal reserve, as you'll see in the next chart here. this is when they thought they were going to stop qe, in november of 2013. that was in our january survey. and now, all the way over here, they've added about six months that they think qe will be going on for. however, they do believe the fed will taper those purchases. that tapering, originally, we thought, was going to start in december of 2013. and now they've moved that ahead again. now it'
in cyprus. a place where a lot of powerful russians have an awful lot of money. steve sedgwick is live in moscow reporting on possible russian solutions for us. good evening, steve. >> reporter: yeah, a very good evening to you. well, look, i've just been to a meeting this morning between the european commission president, barroso, and the prime minister of russia, mr. medvedev. and despite the very fine words on the surface, it is very clear the russians are very upset with the europeans. as you mentioned, sue, a huge amount of interest the russians have down in cyprus as well. and they're really upset they weren't included in the negotiations for some form of bailout package initially. they've said the europeans have behaved like a bully in a china shop. they've also said they've done everything wrong. and this is the best one i thought. they're accusing them of absolutely misappropriating assets akin to something that happened in the soviet era. this is the russians telling the europeans they're doing something completely wrong on property rights. quite extraordinary. the russians h
. kelly, back to you. >> steve, thanks very much for that. any deal with russia may be premature certainly isn't going to calm things in cyprus. this morning, the european central bank in a statement has said in order to continue its emergency liquidity systems past monday the 25th, cyprus has to have a bailout in place. any prospect of that? >> well, that adds a sense of urgency to the situation. timing is really crucial here. and now with this ultimatum from the ecb, the cypriot banks are hoping that a deal can be found as soon as possible. because what they've been relying on over the last couple of days and weeks is that eoa assistance from the ecb. that, kelly, is the main reason why they have been able to stay solve solvent. but i want to come back to a point that steve brought up this morning. but would one bailout deal even be enough? 5.8 billion euros don't seem enough when the banks do reopen next tuesday and we're likely going to see big depositit outflows. one economist i talked to this morning said to me, what's really likely at this point is that we're going to see a second b
insider trading charges? charlie gasparino is up next whether or not steve cohen sut of the woods. lori: we'll see about that. a plot line straight out of "ocean's 11". how criminals pulled off unbelievable $33 million casino heist. melissa: crazy. look at the 10-year and 30-year treasury as we head out to break. the yield sinking on the 10-year, down three basis points. yield down under 2%. we'll show you the 30-year and we'll be right back. irst da. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> good afternoon, i'm sandra smith with your fox business brief. charter communications shares jumping as "the wall street journal" reports john malone's liberty media is close to buying a 2
of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this country, 401(k), deferred retirement account. there's a rule of law issue here that's not only going to bug people in cyprus but it's going to bug everybody around the globe. that last comment you played is ridiculous, we'll never do it again. it is absolutely beyond belief. but this really is a shot across for anybody who ha
to within a few of an all-time high. steve leaseman tells us where we go from here. >> the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested that the fed may reduce the amount of monthly purchases if he sees sustained improvement. >> we are seeing improvement. i think one thing we would need is to make sure that this is not a temporary improvement. so we've seen periods before where we had as many as 300,000 jobs for a couple of months and then things weeken again. i think an important criterion would be sustained for a number of months. >> significantly, the federal reserve did reduce its outlook for unemployment in the united states. the fed saying that it sees unemployment falling to 6.85% is in in 2014. that's the first time since the fed has been forecasting and making those public that it's been below 7%, a quicker pace of improvement in the unemploym
would lose badly. these creative geniuses make a big difference. we talk about the return of steve jobs, apple or what howard schultz could do with starbucks. absolutely, this guy has to be a part of equation if the shareholders and customers are going to come out on top. >> but if shareholders can get more from blackstone or more from carl icahn and lose michael dell if the process, maybe they don't care what happens next. >> that would be a shame. that's not for institution building. you take a look at -- sometimes we have some failures and i hate to say this in public markets, the pressing scrutiny is hard for some chief executives to reposition their firms the way we saw cesar had to do this. the short-term market fluctuations, they get a chance to get past speculators. this is not wild guesswork. dell has done this five, six times. nobody can be better battle tested and brilliant steve jobs only did it once. >> did michael dell make a mistake in agreeing as part of his taking private transactions to vote his shares however the other shareholders want? so that he has effectively los
, time to catch up on some homework. back on february 6th steve in florida called for input on black rock kelso capital, bkcc for all you home gamers. i didn't know it and introduced digging, black rock kelso invests in what are known as middle-market businesses, companies with revenues between $50 and $500 million. the stock yields a 10.4% yield which seems like a red flag, but as you know we find sky high yields a worry, but this is a investment company that trades with the elevated payouts. at the same time, we are a private equity player like black stone, more upside and more predictability. next up brett was one of my emeritus with one of the largest networks of assisted living, retirement and alzheimer communities in north america. they care for seniors who can't stay home alone anymore but not in need of nursing care is a stress full-time for everyone involved. the company on some 190 communities leases now is 141, about 30,000 units. i think emeritus is in the baby boom for my generation. did you get an excellent entry point here? let's check your tweets send to @jimcramer on twit
. should you be using this company to build up your portfolio? ceo steve burke wits joining us coming up next in a fox business exclusive. ♪ thank you orville and wilbur... .amelia... neil and buzz: for teaching us that you can't create t future... by clinging to the past. and with that: you'reistory. instead of looking behind... delta is looking beyond. 80 thousand of us inveing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleast gas turbines are now powering some of america's biggest cities. siemens. answers. investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to knowxactly how much i'm paying. i want to
that the cyprus crisis will not be fixed any time soon and will come with serious consequences. steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks have been closed all week and won't reopen until tuesday at the earliest. people in line are quite frightened because they know that this is the weakest bank and there had been rumors about it. it is likely to be part of any consolidation effort is that ultimately is what happened. that's every single day likely to be the case. listen to what one man said. he's been taking out money every single day. >> i just took $1,000. i've been taking $1,000 every day. personally i'm taking this money and cash with me to the u
to get this medicare, this health insurance -- there was a big article by steve bril on cover of "time" magazine. we've got to crack down on the nps'. they're making too much money. >> well, my answer is, some might be making a lot of money. but at nps, we characterize the value and this is what we're offering. and this is why, despite our price, the payers are understanding the value of gatex and reimbursing -- >>y wert take care of these people and try to get them normal lives or we wreck their lives. >> exactly right. not only they will cost the system but not be productive for society either. >> why should they be doomed if you have something for them? >> exactly. and something that works. >> okay, dr. nader, thank you so much. that's francois nader, president and ceo of nps pharmaceuticals up huge today. i don't think it's done. two drugs that are big. "mad money" is back after the break. ♪ ♪ i don't want any trouble. i don't want any trouble either. ♪ [ engine turns over ] you know you forgot to take your mask off, right? [ siren wailing in distance ] ♪ [ male announcer ]
of the world. steve liesman on his way soon to westchester county. robert, who knows where he's going. what it might mean for russia's rich. >> nondisclosed location. >> tyler, i'm looking at the markets and the commentary coming in to my e-mail. i think knee-jerk contagion is now becoming contagion as some investors doubt that what's going on in cyprus is really raising concerns about the positive insurance worldwide. citi group in a report that just came out, contagion risks are over rated in our view. the risk of bank runs in other euro area countries has clearly risen but the unique features of the cypriot situation should limit the read through to other cases in the euro area. in case you didn't know this, issuing a strong statement the reassure american depositors. while the situation in cyprus is a real concern for the depositors in cypriot's banks, depositors in the u.s. banks are insured. the cyprus debacle is the sort of thing that has kept the fed on age and as gresive stance on monetary policy. fed would increase by 85 billion in additional mortgages because it's already on edge
. >> an interesting home is on the market in the south bay. it is steve wozniaks house, which is in los gatos. it was designed and built for the apple co-founder in 1986. the architecture of the problem reflects the apple design. the asking price a little over $4 million. the 7005 london square-foot home has six bedrooms and eight bathrooms. >> san jose getting ready for the big dance. >> eight people bill is getting ready to host of the gains in the ncaa basketball tournament with starts this week. and san jose gets to host a bay area team without taking on bunlv. eight people billion hosted the tourney three years ago-- tournament three years ago. santa clara once a group bidding for the 2016 superbowl to pay for government services if the event is played at the city's new stadium. under the proposal, the superbowl committee would reimburse the city for services related to the superbowl. to win the ball bid, santa clara would have to give government services requested by the nfl for the game and special events such as the n f l tailgate party, the on field media day in the nfl on location h
happening. plus, steve more of the "wall street journal" weighs in on whether the plan makes sense or if they should just go bust. and you can look, but you cannot take it home. how e-commerce is changing the way you can shop. coming up next. ♪
lead to steve cohen, sac former fund manager trading on alleged insider information on elon. expert period of time network guy giving him the information. he was looking at the capital whole another time before the financial crisis because he thought they were cherry picking. looked like certain of segna's hedge fund clients obviously they got a tip along those lines. they were getting benefits. others weren't. when was raj. whether they looked at trading went on the trading looked suspicious. ahead of deals. sort of the stuff in this indictment. they looked at raj's trading too. that is when they really, that's when they really started to bear down. that is what led to raj rajaratnam, fascinating that the brother who started the whole thing who got raj, bigger brother in trouble is now six years later now being --. ashley: he is not off the hook. >> not off the hook. pleading not guilty. his brother did as well. we'll see what ha hoops. ashley: great stuff, charlie gasparino. >> follow that line of reasoning. hopefully makes for a great book. tracy: will make a great book. good stu
the keyboard. >> i'll tell you what's ironic, when i went to my college reunion. steve ballmer was using a nokia. why? microsoft -- >> exactly. he said look at this. oh, my god, i've never seen one of those. >> because nobody has one. >> if he'd pulled out a blackberry, it would be game, set, match, right? everything is riding on this blackberry thing at this point given what the stock has done. if there's anything less than a blockbuster, what happens to the stock? >> i think that -- yes. i think we're in the first 48 hours thing and we'll will have one of those things and if it's a dud, but the press reports have been pretty good about it, and i think there are people who are still wedded to the keyboard. i think it's okay. >> i think it depends on how you're valuing the stock. there are some analysts throughout in their models they assigned nothing in the device part of the business. >> that was that great -- the sum of the parts analysis and unfortunately the parts are together right now. so the only time we'll see that value is if parts are actually apart. >> a lot of breakup analys
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